Walk a Kb or Two in my Moccasins- Nobody 'splained it to me like that!

Simple answers to Complex Questions and Complex Answers to Simple Questions. In real life, I'm a Greater-Toronto (Canada) Realtor with RE/MAX Hallmark Realty Ltd, Brokerage. I first joined RE/MAX in 1983 and was first Registered to Trade in Real Estate in Ontario in 1974. Formerly known as "Two-Finger Ramblings of a Forensic Acuitant turned Community Synthesizer"

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Monday, July 31, 2006

Which Guild is responsible for Title fraud?

Re: Bob Aaron's series on Title Fraud

I've just read the latest in the series on Title Fraud in Saturday's Star (July 29/06)

I am astounded that the individuals authorized to register documents on Ontario's electronic Land Registry System are not required to be responsible for their actions.

Surely, those who by position of trust, qualified professional status and or position of employment are approved to enter documents onto the Registry (that everyone else must recognize as true & valid once registered) should be the ones to look to if a fraud is perpetrated.

Is there not an insurance program in place to cover the risks taken on by these "authorized document filers" in the event THEY are hoodwinked AND ALSO to cover damages suffered by the victims of fraud in the event the "document filers" are NOT entirely innocent?

In my view, the holes and cracks in the new Registry system are the responsibility of a) the creators of the software, b) the ministry that approved the system, c) the leagl team that vetted the program and it's transition to full implementation, d) the "document filers" who registered the false mortgage/ title etc documents and e) everyone in the legal community who 'did nothing' to cure the problem after learning of the first instance of fraud/abuse within the system.

Ontarians must be able to rely on the Land Title system - so-called 'Title insurance' for fee simple property-holders, is an insufficient remedy.

Ontarians must be able to rely on the integrity of the individuals empowered to access and modify the database.

Can we know the names of the individuals who registered the frauduent documents in the cases cited in the TorStar article?

Finally - Sanity re: Healthcare funding!

Dear Torstar Editors,

Enroute to making his main point on types of maladies that our healthcare system does not cover in his Sat July 29/06 piece "Any national drug plan must cover chronic illnesses", author Brian Ferguson uncovers the "key" to understanding our MIS-understanding of healthcare funding (and Crown government in Canada, but that's another story).

Mr Ferguson writes "Our national health insurance system encourages us to act as if someone else — the government — is paying for our care, rather than acknowledging that we are paying for it and that the government is simply managing the funds."

Precisely!

To appreciate his observation, all anyone needs do is total all the Personal Income Taxes (provincial/territorial & federal) paid each year and compare that number to the amount paid in funding 'public' healthcare - darn near the same amount!

All our Personal Income Taxes go to pay for our healthcare funding.

Assuming that point is observed and accepted, the open-your-eyes suggestions of Mr Ferguson for our consideration of his ideas on drug plans "We need a form of lifetime drug insurance, a mandatory program that we all pay into each year ... that effectively securitizes insurance. Think of it as making annual payments for a security that will pay off in the form of an annuity , ... where the annuity's annual payments will cover the annual cost of drugs. Or think of it as buying into a guaranteed, renewable insurance policy, where you are insuring against a lifetime risk, at an actuarially appropriate premium, but spreading your payments out over your entire life, overpaying in your healthy years to fund payouts should you develop a chronic illness in later years. But above all, think of it as a mutual insurance pool of which we're all members." can be applied to overall healthcare.

He continues "Whatever the final details of a national pharmacare plan, it must be at arm's length from government and must be actuarially sound, on a lifetime basis. We have to see it as a mutual insurance pool into which we all pay and from which we might or might not have to draw."

We must realize that PIT = Healthcare.

We must Get healthcare funding OFF the budget (a la CPP) and create a 'fund' that is overtly dedicated to it's purpose, rather than the split-jurisdictional, hide-the-truth and blame-the-other-guy current system.

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